Green Alpha Advisors LLC Lowers Stock Position in UiPath Inc. (NYSE:PATH)

Green Alpha Advisors LLC decreased its position in UiPath Inc. (NYSE:PATH) by 44.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,811 shares of the company’s stock after selling 14,863 shares during the period. Green Alpha Advisors LLC’s holdings in UiPath were worth $239,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PATH. Future Financial Wealth Managment LLC purchased a new position in shares of UiPath in the 3rd quarter valued at about $26,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of UiPath in the third quarter valued at approximately $26,000. Quarry LP raised its stake in shares of UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after buying an additional 2,729 shares during the period. Redwood Wealth Management Group LLC purchased a new position in shares of UiPath during the 2nd quarter valued at approximately $43,000. Finally, Allspring Global Investments Holdings LLC grew its stake in UiPath by 124.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after acquiring an additional 2,274 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Buying and Selling

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the sale, the chief financial officer now directly owns 856,538 shares in the company, valued at $11,186,386.28. This trade represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

UiPath Price Performance

UiPath stock opened at $12.85 on Tuesday. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of -80.31 and a beta of 0.96. The firm has a 50 day simple moving average of $13.57 and a 200-day simple moving average of $12.77. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $27.87.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PATH shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 price objective on shares of UiPath in a report on Friday, December 6th. Morgan Stanley lifted their price objective on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. BMO Capital Markets increased their target price on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company lowered their price target on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price target on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.44.

About UiPath

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.